Melissa McCarthy–Emmy-winner, “SNL” host and curator of funny–will add one title to her repertoire: fashion designer. Turns out McCarthy, who has a background in design, and Brian Atwood (you know, the current It shoe designer), fantasized over their fashion lines as young hopefuls. McCarthy will finally put those dreams to a reality launching a plus-size line with couturier Daniella Pearl.(Hollywood Reporter)

The majority of fashion bloggers may score swag and an exclusive event invite as compensation for coverage, but a few top fashion bloggers can command four and five-figure fees from brands, thanks to negotiations made by their agents. (NYTimes)

While Wu Tang teams up with Gap for a collaboration, Jason Wu joins Target as the latest Go-International designer launching February 5.(Refinery29)

Reebok has agreed to pay $25 million in a refunds to consumers to settle allegations by the Federal Trade Commission over false claims that its shoe provides muscle toning benefits. Sketchers, which has sold similar products, is also being investigated. (Fashionista)

Isaac Mizrahi just sold his company to IM Ready-Made LLC, a licensing and management firm for $31.5 million and is expected to earn up to $32.7 million in cash or stock over the next few years in an earn-out agreement. Mizrahi passed on showing at the recent New York Fashion Week and will get rid of his signature line completely. (Fashionably Just)

It really did happen. Kanye West and London designer Katie Eary debuted their first collection together at Paris Fashion Week. (HuffPost) Here’s what the critics had to say:

“It had the earnest veneer of a beginner, which was sort of endearing.” -WWD

“What Kanye West is trying to achieve is unprecedented … tonight’s show suggests that conquering his new medium is a work in progress.”- Style.com